MISSISSAUGA, Ontario, April 4, 2012 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Dually-Listed Junior Miner Looking For a Rise on Uranium Optimism.”
Companies mentioned in this article include Ur-Energy, Inc. (TSX:URE) (AMEX:URG).
The earthquake, tsunami and subsequent nuclear disaster at Japan’s Fukushima Daiichi nuclear plant is nearly 13 months behind us now and it looks like uranium prices have found a bottom and may be ready to see an influx of investing again. Uranium prices plunged more than $70 a pound to $49 following the meltdown and, outside of a pop in November 2011, have settled in the area of $51 for about six months. Even with Japan’s Trade Minister Yukio Edano saying that Prime Minister Yoshihiko Noda will not be making any immediate decisions on restarting two offline nuclear reactors with the upcoming summer power crunch approaching, Resource Capital Research still holds an optimistic outlook for uranium in the next year. “The long term uranium market fundamentals are considered solid, with growth in nuclear power reactors expected, particularly from China and India,” the research firm said in its latest report on the industry.
In the first days of February 2011, shares of Ur-Energy, Inc. (TSX:URE) (AMEX:URG) were peaking at a multi-year high of $3.35. After the catastrophe in Japan, shares of the Littleton, Colorado-based mining company went on an eight-month nosedive to 79 cents each, a level which has proved to be solid support for the technical chart since June of 2009.
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